Can I Swap Currencies Within Etoro – Get the answer

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Can I Swap Currencies Within Etoro….Questions that i hear from new investors what if you’re brand new to investing you simply do not wish to decide what you actually want to invest and you want somebody to do it for you there’s just a couple of ways that that can occur the first off you can hire a financial investment portfolio supervisor they’ll normally charge a quite a high premium to do that possibly a couple of percent of your revenues will go to them the other thing is of course you can purchase mutual funds specific funds are produced once again with an account manager in the background as i’m going to cover in this video they have a service though that’s called copy trading copy portfolios also now if you’re brand new to a total please keep in mind this platform is rather innovative you can do cfds which naturally cfds are ways of investing

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with not really having the total of capital so with anything that you’re learning about please do study the platform do not just assume because i use it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual cash they give that choice too so you really get used to the structure of the site and then when you’re ready to use your own cash to invest you can do so now i will disclaim naturally your capital is at risk this is investing we’re doing you’re investing in real companies if you select to in this particular video we’re discussing how to copy other people’s financial investments with your money so obviously your capital is at threat and we need to bear that in mind do not simply do something since that individual has said they’ve made earnings 14 months in a row buy these choices since you think is the ideal ones for you and that being stated let’s dive straight in [Music] so the important things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it belongs to social trading which is one aspect that is probably.

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famous for it’s the option to see what other traders are doing unbelievable we don’t generally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that means with our cash we can really say i want to do exactly what that trader is doing or match that specific portfolio of options and generally every time they make a trade they purchase they sell whatever they do your cash will be mimicked with it so that suggests if for example 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the costs included really crucial you understand what are the expenses of this now with any platform there will be some cost to clearly these are real business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even a few of the zero charge websites then may not charge you for in fact buying and selling etfs or funds specific commodities individual stocks.

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The price of profit according to bitcoin stock and button assets percentages

a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or even some crypto so i’m great with that we have what’s called the fx currency conversion fee now when you use anybody so if you’re utilizing trading 2 and two free trade anybody this is basic they have i expect stuck to whatever charge they charge for that conversion rate you type of have to accept you know if you wish to utilize their platform go from uk to us then that conversion fee exists what are they actually offering you in regards to your uk pounds to us dollars and all platforms are the same you can’t haggle with them you can’t go to the bank and say offer me us dollars instead you need to pay their fees now the fantastic aspect of though when you’ve converted your cash you do not need to invest it immediately that dollar value can sit in your portfolio as money dollars for as long as you like so that indicates the preliminary day that you purchase or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra costs so that’s really excellent using that part of their site will not certainly limit you in any way however we have to be aware of two other costs the first being what’s called spread fees okay and i’m going to reveal you what i indicate on now a spread cost as i’m going to reveal you

on is generally the difference that belongs to the investment platform between the buy rate and the sale price okay it’s their premium on doing both those two actions now tesla if you can see on this part of the site right now tesla’s dollar worth 599 per share in tesla that actually means that when you want to offer or buy as you can see it’s not the price you’re seeing up here let me reveal you that once again so the current cost of tesla is the value of a share what’s called spread charges is the difference then in fact to purchase that share on the platform and you’ll discover this everywhere this is another manner in which they make a percentage of make money from you whenever you do a buyer’s share so keep that in mind clearly it’s more pricey to purchase than it is to sell so they’re going to provide you less back with your sale and you state fine well why does that happen it just does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you want to sell it which is how they make a bit of cash on those spread fees it’s generally incredibly small it could be a matter of pens matter of cents in there however that’s one location every investment firm will again make a little bit money now the last task is called an

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over night cost now this is actually essential if you’re in fact utilizing cfds yourself also an overnight charge is when you’re not doing that buy sell transaction in the very same day all right there’s then an overnight charge charged or perhaps if you go from the friday to the monday prior to cruising a weekend charge now this only applies to cfds so if you’re really buying out the etf the stock the product and utilizing time one take advantage of which means you’re really purchasing the exact asset rather than utilizing take advantage of anyway you will not get hit with these costs however these charges are if you’re utilizing utilize and cfds and then you’re going to have these charges if you’re not buy offering in the very same day so let’s say if you go into the assistance area this isn’t the overnight fees details you can see precisely the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing over night or you’re doing over weekends and that just applies as i said to cfds there are some surcharges obviously depending on what you are investing in too this is on your own so keep that in mind but full charges are completely within their help information all right and we discussed along with complimentary to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds normal product stock shares everything there’s that five dollar withdrawal charge now another thing to call it as i’ve stated copy trading and copy portfolios are 2 different methods of really using these copy operates they do not have any extra fees on top of the regular fees that

are there now what you require to keep in mind though is these possibly managed by other individuals entirely or often have developed portfolios you’ve got a real individual doing the management you have to make certain you choose the individual that’s right for you much like any profession this is your monetary possessions so we absolutely need to make certain it’s the best person for us prior to we copy them so the first things i would call it if you do want to use this function we’ve got a couple of various alternatives for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest genuine money or a virtual platform virtual means i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t require to put in your charge card details or anything you can basically have this virtual portfolio simulate as if you are using your own cash however really purchase pretend buy copy individuals whatever you like if you’re not

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feeling comfy with utilizing your real cash possibly this is a great option for you once again to test the theories all right you might wish to purchase tesla or apple or this etf why not use the virtual option as a way to type of safe play with it certainly you may have lost out on gains and losses throughout that time of course if you had invested your real cash it allows you to build self-confidence comprehend the platform so that’s one alternative for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive really how to copy individuals and copy portfolios now here’s something to bear in mind prior to you pick someone that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your risk profile is now what do i indicate by that certainly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be risk simply means am i fine with potentially losing a great amount of this investment or getting as

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well now remember everything is downs and ups you will earn money you’ll lose cash that’s why they make the fact 75 individuals will lose cash but that equally means they’ll lose at some point in their journey undoubtedly individuals do earn money as well and i have actually got videos everything about how you can ensure you’re one of individuals to really make money however in this situation ensure you research your danger level would you be all right offering your money to another person which is effectively what you’re doing and trusting them make certain you understand what they’re buying totally if you’re someone who isn’t wanting to be that dangerous do not select someone who’s entirely into crypto or currency conversion consider it you ‘d most likely desire a backbone of strong commodities

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like gold or perhaps oil plus more traditional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can really utilize this too really easily over here you can copy individuals now it will give you a lot of options and you can use the system to actually search for somebody that you fancy really following so let’s see possibly we desire somebody from unified kingdom um who buys let’s see who does etfs they’ve gained at least 10 yeah that sounds fair that sounds an excellent amount and i can find everyone who has actually met that criteria and it does give you a danger aspect as well so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a variety of individuals that have rather high returns

keep in mind it resembles anything to do with the news or predictions of the future this does not indicate somebody will make 56 for you for the next 12 months they might make four or minus 50 there’s no chance to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and after that you know ask you to confirm are you all right with this and off you go now another way to actually deep dive if we click this person for instance ruby mza as an example you can in fact deep dive into what is she actually buying so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s good to know ibm paypal yep she’s certainly like kind of into those blue box and the tech market she’s got some of mine in fact that i buy too which is great so in fact for me knowing what i like to invest in my individual stocks and shares she would resonate with me she’s got a good spread in tech companies that seems to be what she chooses she’s also got a bit more um of the sort of main food business and you’ve got you know pharmaceutical and production business as that. Can I Swap Currencies Within Etoro.

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